The world around us is experiencing rapid changes, presenting both challenges and opportunities for organizations. In this era of uncertainty, it is crucial for employees to continuously enhance their skills to remain effective. However, studies indicate that 70% of employees feel they lack the necessary skills for their jobs and recognize the need for continuous retraining (Gartner, 2018). To navigate these dynamics, organizations must prioritize their talent strategy, which includes establishing a formal system for leadership assessment and potential identification for experts
By implementing a robust an expert assessment process, organizations can accurately evaluate the capabilities and potential of their experts to see if they have the drive and potential to be a Functional Leader. Our CORE™ Expert assessment plays a crucial role in this regard, as it involves assessing an individual’s current performance, work experience, and key personality characteristics. This comprehensive evaluation helps organizations predict an employee’s potential for future success in higher-level roles involving greater scope, scale, and complexity (Chamorro-Premuzic & Pillans, 2016).
By determining which experts can and want to be Functional Leaders, organizations can invest in their development and provide them with opportunities to grow and contribute to the company’s long-term success.
Predicting an employee’s potential is essential for building a solid leadership pipeline. Research suggests that only 30% of high performers should be classified as high potentials (Corporate Leadership Council, 2005). While high performers consistently meet or exceed expectations in their current roles, high potentials possess the ability to excel in positions of increased responsibility. It is crucial for organizations to distinguish between the two and focus on nurturing high potential individuals who have the capacity to drive future success.